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Woodside Petroleum Ltd (WOPEY)
- Reuters
Exclusive-Indigenous group seeks stake in Woodside's $12 billion Scarborough, Pluto LNG project
A Western Australian Indigenous group is in talks with Woodside Petroleum over obtaining a stake in its $12 billion Scarborough and Pluto LNG expansion to help secure the future of the local traditional owners, a senior Indigenous official told Reuters. Woodside gave the final go-ahead on Monday for the biggest new gas project in Australia in a decade, alarming conservationists worried about the impact the project might have on one of the world's largest collections of ancient rock art on adjacent Indigenous land. The Murujuga Aboriginal Corp (MAC) and its traditional owners have long worked with Woodside, as its Pluto LNG plant is on Murujuga country on the Burrup Peninsula.
- Bloomberg
A $12 Billion Gas Project Is Sparking a New Climate Debate
(Bloomberg) -- A $12 billion liquefied natural gas investment approved in Australia leads a wave of projects betting demand will rise as the world shuns more polluting alternatives like coal.Most Read from BloombergAsia’s Richest Man Looks to Walton Family Playbook on SuccessionNew York City Is Building a Wall of Oysters to Fend Off FloodsThe Women Behind Historic House DesignsFrom Bathhouses to Fisheries, Hidden Inflation Is Creeping Across JapanMaverick 70-Year-Old CEO Is Determined to Shake U
- Reuters
Woodside's giant Scarborough LNG project may be the last of its type: Russell
LAUNCESTON, Australia (Reuters) -For the first time in a decade a massive new liquefied natural gas (LNG) project has been approved for construction in Australia, but the Scarborough venture's structure and market realities indicate it may well be the last of its kind. Woodside Petroleum and BHP Group gave final backing on Monday to the $12 billion plan to develop the Scarborough natural gas field off Western Australia and expand the onshore Pluto LNG plant to process the fuel. The deal also sees Woodside merge with BHP's petroleum arm, with BHP shareholders to be issued new Woodside shares and ending up with about 48% of the expanded share capital.
